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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of LECO
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Lincoln Electric Holdings stock upgraded to Hold/Accumulate.
(Updated on May 02, 2024)

Hold candidate since May 02, 2024 PDF

The Lincoln Electric Holdings stock price gained 1.47% on the last trading day (Thursday, 2nd May 2024), rising from $219.33 to $222.56. During the last trading day the stock fluctuated 1.99% from a day low at $218.26 to a day high of $222.61. The price has fallen in 7 of the last 10 days and is down by -6.85% for this period. Volume fell on the last day by -152 thousand shares and in total, 238 thousand shares were bought and sold for approximately $52.94 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $219.21 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.88% during the next 3 months and, with a 90% probability hold a price between $212.89 and $247.91 at the end of this 3-month period.

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LECO Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 1.47%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lincoln Electric Holdings stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $226.00 and $242.86. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Lincoln Electric Holdings stock

Lincoln Electric Holdings finds support from accumulated volume at $219.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.35 between high and low, or 1.99%. For the last week, the stock has had daily average volatility of 2.59%.

Our recommended stop-loss: $210.72 (-5.32%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (LECO) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Lincoln Electric Holdings to open at $221.14, and during the day (based on 14 day Average True Range), to move between $216.98 and $228.14, which gives a possible trading interval of +/-$5.58 (+/-2.51%) up or down from last closing price. If Lincoln Electric Holdings takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $219.53 (1.36%) than the resistance at $227.93 (2.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Lincoln Electric Holdings stock A Buy?

Lincoln Electric Holdings holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.996 Hold/Accumulate Upgraded

Predicted Opening Price for Lincoln Electric Holdings of Friday, May 3, 2024

Fair opening price May 3, 2024 Current price
$221.14 ( 0.638%) $222.56

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for LECO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 225.49 1.32 %
R2 223.83 0.570 %
R1 222.80 0.109 %
Current price: 222.56
Support S1 219.48 -1.38 %
S2 218.45 -1.85 %
S3 216.79 -2.59 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 249.80 12.24 %
R2 248.41 11.61 %
R1 227.93 2.41 %
Current price 222.56
Support S1 219.53 -1.36%
S2 219.33 -1.45%
S3 0 .

LECO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 30, 2024 Jun 30, 2024 Jul 15, 2024 $0.710 0.319%
2 Apr 18, 2024 Jun 28, 2024 Jul 15, 2024 $0.710 0.319%
3 Feb 20, 2024 Mar 27, 2024 Apr 15, 2024 $0.710 0.297%
4 Oct 17, 2023 Dec 28, 2023 Jan 12, 2024 $0.710 0.334%
5 Jul 20, 2023 Sep 28, 2023 Oct 13, 2023 $0.640 0.349%

FAQ

What is the symbol for Lincoln Electric Holdings Stock and on which exchange is it traded?
The symbol for Lincoln Electric Holdings is LECO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Lincoln Electric Holdings Stock?
Lincoln Electric Holdings holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Lincoln Electric Holdings Stock?
Lincoln Electric Holdings Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Lincoln Electric Holdings Stock.

What's the current price of Lincoln Electric Holdings Stock?
As of the end of day on the May 02, 2024, the price of an Lincoln Electric Holdings (LECO) share was $222.56.

What is the 52-week high and low for Lincoln Electric Holdings Stock?
The 52-week high for Lincoln Electric Holdings Stock is $261.13 and the 52-week low is $164.00.

What is the market capitalization of Lincoln Electric Holdings Stock?
As of the May 02, 2024, the market capitalization of Lincoln Electric Holdings is 12.666B.

When is the next earnings date for Lincoln Electric Holdings?
The upcoming earnings date for Lincoln Electric Holdings is Jul 25, 2024.
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About Lincoln Electric Holdings

Lincoln Electric Holdings Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equip... LECO Profile

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